The U.S. CFTC is proposing new rules to bring leveraged, margined and financed crypto trading under a clearer federal framework.

The proposals would:
• Create a new “Crypto Asset Markets” (CAMs) registration category
• Establish rules for crypto transactions involving leverage and margin
• Require stronger safeguards, including proof-of-reserves
• Bring certain crypto derivatives activity under CFTC oversight

But one major gap remains: spot crypto trading.

Direct buying and selling of assets like BTC and ETH would largely remain outside the CFTC’s market-structure authority unless Congress gives it broader powers.

The CFTC is opening a 60-day public comment period on the proposals.

U.S. crypto regulation continues to take shape , but the spot-market question remains unresolved.

#dyor #NFA✅